Spec house tax strategy resources.

[Joseph Bushnell]

 All right, we built and sold a spec and the time we held the property was under 12 months, we are trying to figure out ways to mitigate the tax burden some but I'm having a hard time finding resources on the subject. 

I'm not really certain what all is tax deductible and my CPA is way too busy to answer these sorts of questions right now.

Any links podcasts or tips on making my CPAs life easier would be much appreciated. 

[Aaron Zimmerman]

You would need to figure out your basis in the house (this would include all costs to build the house, obtain the land, etc). Then, your sales price - basis would be your gain. To me, this seems like more of a flip.